The Italian tax authorities’ ruling reply no. 584 of December 14, 2020 clarified that an agreement that does not have the purpose of redetermining the original price of the supply does not constitute an allowance pursuant to Article 15(1)(2) of Presidential Decree No. 633/1972.
Source PwC Italy blog
Latest Posts in "Italy"
- Italian Supreme Court Extends Direct Tax Principles to VAT in Offshore Company Cases
- Response No. 216/2025 – VAT Treatment of Transactions Between Permanent Establishments of the Same Foreign Entity Belonging to a VAT Group in Another EU MS
- eInvoicing in Italy
- Briefing document: Italy Clarifies VAT Treatment for Transfer Pricing Adjustments: Direct Supply Links Required
- VAT Deduction for Third-Party Goods Imports: Italian Tax Authorities’ Clarifications and Remaining Uncertainties
